If your Alberta business has a high claims history or operates in a high-risk industry, standard carriers might deny you coverage. In these cases, you enter the assigned risk pool, guaranteeing coverage but often at higher premiums.
Why You Might End Up in the Pool
Companies with poor safety records, severe localized claims, or brand new high-risk ventures (like high-rise roofing) are often pushed into the Alberta assigned risk pool. Standard carriers view these profiles as unprofitable.
Escaping the Risk Pool
You aren't stuck there forever. By implementing a documented safety program, reducing your Experience Modification Rate (E-Mod), and operating claim-free for 12-36 months, you can transition back to the standard market and secure significantly lower rates.